So this has come up a few times with the wife and I, we keep about $1000 in savings, and anything above that gets transferred directly to the mortgage.
Our thought is, why save when were paying the bank interest on the mortgage and we can chew that down over time.
Were debt free, and have loc and cc for backup.
What would you do in our case? Should we have a better "pillow" of savings?
Thoughts?